Short
MATIC/BTC TA Update (Another 30% drop?)
MATIC/BTC
MATIC closed below 200D MA this signals a bearish action is likely to happen in the coming days or weeks.
Important key support is also broken, now the downside target is between 150-120 sats regions before we might see a strong rally up.
By the time MATIC reaches the next key support, the RSI is mostly in the oversold conditions.
This is a good chance for the whales to accumulate again before a large pump.
MATIC closed below 200D MA this signals a bearish action is likely to happen in the coming days or weeks.
Important key support is also broken, now the downside target is between 150-120 sats regions before we might see a strong rally up.
By the time MATIC reaches the next key support, the RSI is mostly in the oversold conditions.
This is a good chance for the whales to accumulate again before a large pump.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.